South African manufacturing poised to reduce poverty and inequality through policy reform.
South Africa needs to boost its economy by creating more jobs in manufacturing to reduce poverty and inequality. The focus is on how the manufacturing sector can grow in a way that requires more workers. The study looks at how trade policies have affected manufacturing, with case studies on clothing/textiles and petrochemicals. The results show that trade policies have led to more capital-intensive manufacturing, which may not create as many jobs. The study suggests that changes in industrial policy are needed to promote labor-intensive growth in South Africa's manufacturing sector.